FinMason Launches Online Portfolio Illustration Tool

Citing an
increasing need for retirement plan investors to understand the holdings in
their portfolios, investor education company FinMason has launched The
Finspector, a free online tool to help retirement plan participants better
understand their investments. The tool analyzes more than 6 million investments
globally, including 24,000 mutual funds and exchange-traded funds.

The
Finspector points out potential strengths and weaknesses in investors’
portfolios, how their investments could perform in the future under different
market scenarios, how the portfolios’ yields could improve when various
holdings are changed, and how their holdings benchmark against similar funds.
Based on participants’ savings rates and projected performance, the tool also
shows participants how much they can expect to have saved by retirement age.

“Millions of
Americans are basically ignoring their 401(k) plans,” says Kendrick Wakeman,
founder of FinMason. “What investors really need is an independent, unbiased
tool that helps them see which advice is right for them and which advice is
not, so they can move forward with confidence.”